None of the forfeitures declared by KRS § 372.060 to KRS § 372.120 apply to cases of controversy between lessor and lessee, mortgagor and mortgagee, vendor and vendee or trustee and beneficiary.
Effective: October 1, 1942
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Terms Used In Kentucky Statutes 372.130

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Trustee: A person or institution holding and administering property in trust.

History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 215.

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